Commodities refer to tangible or intangible instruments that directly (consumables) or indirectly (capital goods) satisfy people's needs.
Tangible assets comprise both goods, as well as materials and supplies. Services are intangible assets. (Other intangible assets can be, for example, data in digital format or the production right of some tangible asset).
Commodity production (industrial output) also includes so-called industrial services. Industrial services include remodelling, processing, working and other such finishing, maintenance, repairs and installations. Industrial services have their own PRODCOM service titles in the commodity statistics' PRODCOM product name register.
Some industrial services are, however, classified as non-industrial services in the Standard Industrial Classification (TOL), for example, maintenance and repair of vehicles and repair and maintenance of office equipment and computers, so they do not belong to the inquiry on manufacturing commodities. This also applies to design and programming of software, as well as consulting and other computer and related activities.
Validity of the definition
- Valid until (31 December 2078)